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INVENTORIES
3 Months Ended
Jun. 30, 2012
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

NOTE 4- INVENTORIES

 

Inventories are comprised of the following components:

 

    June 30,     March 31,  
    2012     2012  
    (unaudited)        
             
Finished Goods   $ 4,210,006     $ 4,224,395  
Inventory in Transit     -       446,997  
Less: Inventory Reserve     (622,291 )     (663,000 )
                 
Net Inventories   $ 3,587,715     $ 4,008,392  

 

Inventory consigned to customers at June 30, 2012 and March 31, 2012 were $353,201 and $353,201, respectively.